Rate updated · 64 banks tracked
SoFi savings account rate: 3.10% APY
SoFi pays 3.10% on its savings account — ranking in the lower half of the 64 banks SwitchWize tracks, where the best available rate is 4.10%. (Updated September 16, 2026.)
Is SoFi a good savings rate? Not really. At 3.10% it trails the 4.10% best available rate, leaving about $251 a year on the table on a $25,000 balance.
The gap, in your dollars
At 3.10%, $25,000 earns $775/yr here versus $1,026/yr at the field leader — a $251/yr difference.
See your exact number →Higher-paying alternatives we track
Rates subject to change. Verify before switching.
Frequently asked questions
What is SoFi's savings account interest rate?▾
SoFi pays 3.10% APY on its savings account as of September 16, 2026, based on rates SwitchWize tracks across 64 banks.
Is SoFi's savings rate good?▾
SoFi's 3.10% ranks in the lower half of tracked banks. The best available rate is 4.10% and the FDIC national average is 0.38%.
Which banks pay more than SoFi?▾
Higher-paying tracked options include pnc, barclays, flagstar. Compare rates at /banks to find the best current option.
General information only. Rates change frequently; verify directly with the institution before making financial decisions. SwitchWize is not a bank and does not provide financial advice.